Check Availability
$1,988,000
House - For Sale

1262 Sterling

Crown Heights, NY 11213
bedrooms
7 Beds
bathrooms
3 Baths
$10,082
Estimated Monthly
$0
HOA / Fees
26.97%
Cap Rate

About This Property

Calling All Investors, Developers, & End-Users!!! Brand New 100% Occupied 3 Unit Free Market Apartment Building In Crown Heights For Sale!!! The Property Features Excellent Signage, Great Exposure, Strong R6/C1-3 Zoning, 6 Parking Spaces, High 8' Ceilings, Separate Meters, Gated Yard, Low Property Taxes, Motion Sensor Lights, All New LED Lighting, 200 Amp Power, A/C, +++!!! The Property Is Located In The Heart Of Crown Heights 2 Blocks From Eastern Parkway!!! The Property Was Fully Renovated In 2023!!! The Property Is Situated Minutes From The Barclays Center, Brooklyn Children's Museum & The Prospect Park Zoo!!! Neighbors Include USPS, UPS, The Home Depot, Dunkin', CubeSmart Self Storage, Walgreens, AutoZone, Bank Of America, Planet Fitness, Blink Fitness, GameStop, Baskin-Robbins, Mobil, McDonald's, Mavis Discount Tire, Family Dollar, Wendy's, White Castle, IHOP,  KFC, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!    Income:   Unit 1 (3Br. Apt.): $38,400 Ann. Lease Exp.: 9/1/24.    Unit 2 (2 Br. Apt.): $30,000 Ann. Lease Exp.: 7/1/24.   Unit 3 (2 Br. Apt.): $30,000 Ann. Lease Exp.: 7/1/24.    Gross Income: $98,400 Ann.    Expenses:   Gas: $0 (Electric Only)   Electric: $360 Ann. (Hallway Only)   Water + Sewer: $1,250 Ann.    Insurance: $2,500 Ann.    Taxes: $3,841.68 Ann.      Total Expenses: $7,951.68 Ann.   Net Operating Income (NOI): $90,448.32 Ann.
Unit Size
-
Days on Market
85 days
Land Size
0.05 acres
Price per sqft
-
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
1899
Listed By
Richard Matt Shane
All Island Estates Realty Corp
Last updated: 3 months ago (OneKey MLS #ONE3529313)

Price History

Date / Event Date Event Price
Feb 2, 2024 Listed by All Island Estates Realty Corp $1,988,000
Listed by All Island Estates Realty Corp
Jan 9, 2024 Price Decreased $1,988,000
↓ $262K (11.6%)
Price Decreased
Nov 7, 2023 Listed by All Island Estates Realty Corp $2,250,000
Listed by All Island Estates Realty Corp
May 23, 2018 Sold to Baruch Levy-haim, Mojdeh Le... $996,499
Sold to Baruch Levy-haim, Mojdeh Le...
Jun 19, 2017 Sold to Red Light Inc $540,000
Sold to Red Light Inc
Show More

Property Highlights

Parking Details
Parking Features: Off Site
Interior Details

Bathroom Information

Full Bathrooms: 3

Room 1

Level: First
Type: 2 BR

Room 2

Level: First
Type: Kitchen

Room 3

Level: First
Type: Full Bath

Room Information

Rooms: 10

Basement Information

Basement: None

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
3 Baths
3,815 ft²
$460/ft²
$1,755,000 Jun 28, 2020
$1,755,000 Jun 14, 2021
-
Townhouse
7 Beds
4 Baths
3,240 ft²
$554/ft²
$1,795,000 Nov 22, 2018
$1,795,000 Apr 22, 2020
-
Townhouse
6 Beds
4 Baths
-
$1,513,000 Apr 6, 2015
$1,513,000 Jul 22, 2015
-
Multifamily
6 Beds
2 Baths
-
$1,875,000 Jul 5, 2023
$1,875,000 Aug 25, 2023
-
House
4 Beds
4 Baths
2,500 ft²
$744/ft²
$1,860,000 Aug 16, 2023
$1,860,000 Jan 11, 2024
$520/mo
Townhouse
6 Beds
7 Baths
-
$1,860,000 Nov 12, 2020
$1,860,000 Jun 24, 2021
-
Multifamily
7 Beds
3 Baths
-
$2,000,000 Jan 22, 2024
-
$505/mo
Multifamily
7 Beds
4 Baths
5,386 ft²
$343/ft²
$1,849,000 Sep 14, 2023
-
$841/mo
Multifamily
7 Beds
3 Baths
-
$1,900,000 Nov 8, 2023
-
$196/mo
Multifamily
7 Beds
4 Baths
2,700 ft²
$778/ft²
$2,100,000 Aug 17, 2023
-
-
Multifamily
7 Beds
3 Baths
-
$1,650,000 Jan 4, 2024
-
$480/mo
Townhouse
6 Beds
3 Baths
3,080 ft²
$649/ft²
$1,999,999 May 26, 2023
-
$4,176/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

1262 Sterling Place 1262 Sterling Place, Brooklyn, NY 11213
  • 2 Units
  • 2 Units for Sale
More about this Building
1262 Sterling Place
Want to find out who owns 1262 Sterling Place, Brooklyn, NY 11213? Get detailed property transactions here .

About Central Brooklyn


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